Weiqiao Textile Co (Weiqiao Textile Co) EBIT : $-150 Mil (TTM As of Jun. 2023)

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What is Weiqiao Textile Co EBIT?

Weiqiao Textile Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was $-43 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-150 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Weiqiao Textile Co's annualized ROC % for the quarter that ended in Jun. 2023 was -3.57%. Weiqiao Textile Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -5.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Weiqiao Textile Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 67.24%.

Weiqiao Textile Co EBIT Historical Data

The historical data trend for Weiqiao Textile Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Weiqiao Textile Co EBIT Chart

Weiqiao Textile Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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203.50

98.12

88.91

119.04

-190.25

Weiqiao Textile Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															107.51	10.59	-86.70	-106.99	-42.75

Competitive Comparison of Weiqiao Textile Co's EBIT

For the Textile Manufacturing subindustry, Weiqiao Textile Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Weiqiao Textile Co's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Weiqiao Textile Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Weiqiao Textile Co's EV-to-EBIT falls into.

Weiqiao Textile Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-150 Mil.

Weiqiao Textile Co (OTCPK:WQTEF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Weiqiao Textile Co's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-61.326 * ( 1 - -18.68% )	/	( (2091.495	+	1981.996)	/ 2 )
=	-72.7816968	/	2036.7455
=	-3.57 %

where

	Invested Capital		(Q: Dec. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3658.245	-	349.797	-	( 1635.471	-	max(0, 1098.571	-	2315.524	+	1635.471	))
=	2091.495

	Invested Capital		(Q: Jun. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3391.611	-	245.232	-	( 1411.729	-	max(0, 963.823	-	2128.206	+	1411.729	))
=	1981.996

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Weiqiao Textile Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-85.49	/	( ( (1267.038 + max(215.906, 0))	+	(1201.58 + max(369.479, 0)) )	/	2 )
=	-85.49	/	( ( 1482.944	+	1571.059 )	/	2 )
=	-85.49	/	1527.0015
=	-5.60 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(41.034	+	439.184	+	199.392)	-	(349.797	+	0	+	113.907)
=	215.906

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(36.381	+	442.793	+	236.848)	-	(245.232	+	0	+	101.311)
=	369.479

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Weiqiao Textile Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-149.734	/	-222.691
	=	67.24 %

Weiqiao Textile Co EBIT Related Terms

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Weiqiao Textile Co (Weiqiao Textile Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Weiqiao Textile Co Ltd (OTCPK:WQTEF) » Definitions » EBIT

Traded in Other Exchanges

02698:Hong Kong WEZ:Germany

Address

No. 1, Wei Fang Road, Zouping Economic Development Zone, Zouping City, Shandong Province, Binzhou, CHN, 256200

Website

http://www.wqfz.com

Weiqiao Textile Co Ltd produces, sells, and distributes textiles including cotton yarn, grey fabric, and denim. Its geographical segment includes Mainland China, Southeast Asia, Hong Kong, South Asia, East Asia, and Other regions. The majority of the company's revenue is generated from Mainland China. It operates in two segments. The textile products segment produces and sells cotton yarn, grey fabric, and denim. The electricity and steam segment generates electricity and steam for internal use in the production of textile products and also for sale to external customers.

Weiqiao Textile Co (Weiqiao Textile Co) Headlines

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